Great ways to make money, when you're broke

moonlightandmargaritas · 09-09-2008, 07:20 PM

Quote:

Originally Posted by healthagent

You can also get Humana and Aetna advances - unless they don't offer any value.

Can only speak for the great state of Florida...

Humana - yes
Aetna - no

healthagent · 09-09-2008, 07:22 PM

Aetna yes - you don't know the right people:-)

joshril · 09-09-2008, 07:27 PM

Quote:

Originally Posted by healthagent

You can also get Humana and Aetna advances - unless they don't offer any value.

It's still hard even with advances... These companies don't offer 12 month advances like Time and they have strange cut-offs. I'm on a Humana advanced and it can take 2 months to get paid on a case.

I have a deal I wrote in early August. Clean app... effective 9/1/08. I will get paid on 10/10/08.

3 months in the bank for Aetna and Humana even if you're on advances.

healthagent · 09-09-2008, 07:29 PM

Well, you can get bi-weekly Humana advances now through HCO but that just started days ago.

moonlightandmargaritas · 09-09-2008, 07:36 PM

Quote:

Originally Posted by healthagent

Well, you can get bi-weekly Humana advances now through HCO but that just started days ago.

No matter, the comp is still gonna be slow from Humana to HCO...

You'll get an advance...but you won't get it any quicker.

healthagent · 09-09-2008, 07:42 PM

actually you will but I don't have the energy to explain it

Delta76 · 09-09-2008, 07:49 PM

I started flat broke, zero sales experience (or life experience for that matter), never got any training when I started, and everything including life insurance was "as earned". The odds were certainly against me. I was horrible on the phone, had no real natural market, had a shy personality, and very little product knowledge. Three years later I'm still here! Won't say it was easy, probably the most difficult thing I've ever had to go through. However, if you have a fierce desire to succeed you will find a way.

moonlightandmargaritas · 09-09-2008, 07:52 PM

Quote:

Originally Posted by healthagent

actually you will but I don't have the energy to explain it

Been around a long time. Heard a lot of promises.

It has led to me to believe it when I see it.

healthagent · 09-09-2008, 07:56 PM

well there's a few other changes coming down the pike. I'll try to keep you in the loop

joshril · 09-09-2008, 08:03 PM

Quote:

Originally Posted by healthagent

well there's a few other changes coming down the pike. I'll try to keep you in the loop

With Aetna and Humana?

healthagent · 09-09-2008, 08:05 PM

when it's worked out and done I'll post it.

somarco · 09-09-2008, 08:15 PM

Quote:

I started flat broke, zero sales experience (or life experience for that matter), never got any training when I started, and everything including life insurance was "as earned". The odds were certainly against me. I was horrible on the phone, had no real natural market, had a shy personality, and very little product knowledge. Three years later I'm still here!

Too bad.

If you had waited 3 yrs to start you could have had your choice of trainers . . .

Seriously, congratulations. Advances are just another word for loan. If you don't make it, you are deeper in debt than before.

Few people have the ability to make it as earned. You are to be commended.

healthagent · 09-09-2008, 08:34 PM

Well it's nice that we've moved from "broke people have no business coming into the field" to "you're to be commended"

Stonewall · 09-09-2008, 08:49 PM

M&M-----------please pop out of the funk you are living in--------------you sound like your picture looks!

Life is good

Have some fun-----enjoy!

LGilmore · 09-09-2008, 08:57 PM

well guys in the great state of WA the main players pay once a month and have a cut off date for submitted premiums. So yes, if your client is a couple days late, it bumps your commission to the next month. Plus "as earned".

My point really and it is very honest, if you need money "fast" this ain't the industry to find it overall. Be honest.

Yes, there are some that pay quickly but the bulk of carriers don't pay all that quick.

I am talking about the time from taking the app (WA doesn't allow CWA anymore), going to underwriting, getting approval, the carrier sending a bill and the insured paying it... alot more than 10 days are gonna pass. no? Usually about 15-20 days, a bill is generated and depending on how fast the client pays the bill, you'll see a commission check next month. Usually though it is more like 60-90 days to get caught up. of course your mileage will vary. It is also why I will only pay a $1 for health leads here. Different market here, alot of your carriers won't write in WA.

You've all got to admit though there are easier occupations to get a check from, and if a person is strapped for cash, can they hold out through licensing (forgot about that) and then getting out and cold calling to get biz. all the while in competition with people like yourselves who know the products forward and backward? Not impossible, but certainly not an easy go....

somarco · 09-09-2008, 09:23 PM

Where are you finding leads for a buck? I haven't seen that for years unless you are talking about the smokers with a BMI of 40, a six way bypass and dragging an oxygen tank.